WEBVTT
SOLEDAD: NOVEMBER 2016 HAS NOT
BEEN AN EASY MONTH TO BE A
POLLSTER.
REMEMBER, THESE ARE THE FOLKS
WHO SAID DONALD TRUMP'S CHANCES
OF BECOMING PRESIDENT WERE, AT
BEST, 15%.
NOW, THEY'VE PRODUCED A
COMPOSITE OF THE TYPICAL TRUMP
VOTER.
THE TYPICAL TRUMP VOTER IS A
MARRIED, MIDDLE-AGED WHITE MAN,
HAS AT LEAST A HIGH SCHOOL
EDUCATION AND AN AVERAGE SALARY
OF AT LEAST $50,000 A YEAR.
HE'S REPUBLICAN AND
CONSERVATIVE.
HE PROBABLY LIVES IN A SUBURBAN
AREA.
HE IS EITHER CATHOLIC OR
PROTESTANT AND GOES TO CHURCH AT
LEAST ONCE A MONTH.
HE SAYS IMMIGRATION OR TERRORISM
WERE THE MOST IMPORTANT FACTORS
TO HIM THIS ELECTION, AND THE
MOST IMPORTANT VALUE IN A
CANDIDATE IS SOMEONE WHO CAN
DELIVER CHANGE
SO DOES THE PRESIDENT-ELECT'S
ECONOMIC PROPOSALS SQUARE WITH
THE TRUMP VOTER, AND IN FACT,
WHAT EVERY VOTER IS LOOKING FOR?
LINDA CHAVEZ IS THE CHAIRMAN O
THE CENTER FOR EQUAL
OPPORTUNITY.
A REPUBLICAN, SHE HAS BEEN
CRITICAL OF TRUMP'S ECONOMIC
POLICY.
CHAD STONE IS THE CHIEF
ECONOMIST FOR THE CENTER ON
BUDGET AND POLICY PRIORITIES AND
IS A FORMER CHIEF ECONOMIST FOR
THE PRESIDENT'S COUNCIL OF
ECONOMIC ADVISOR
IT IS NICE TO HAVE BOTH OF YOU
WITH ME TODAY.
BASICALLY, TRUMP IS PROPOSING WE
LOWER THE NUMBER OF TAX
BRACKETS, THE TOP BRACKET, THE
WEALTHIEST PEOPLE, WHO ARE NOW
PAYING 40% IN TAXES, THAT WOULD
DROP TO 33%.
CHAD, LET'S START WITH YOU.
HOW DO YOU ASSESS THAT TAX
PROPOSAL?
CHAD: WELL, THE TAX PROPOSAL,
WHEN YOU GET DOWN TO IT, IT'S A
FAIRLY STANDARD REPUBLICAN
PROPOSAL TO CUT TAXES ON HIGH
INCOME PEOPLE AND SAY THAT
SPENDING CUTS WILL COME ALONG
SOMEWHERE TO PAY FOR THE
WE AT THE CENTER ON BUDGET HAVE
A CALCULATION, I THINK FROM TAX
POLICY CENTER, THE TOP 0.8 % O
INCOME DISTRIBUTION GET THREE
TIMES AS MUCH OF A TAX BREAK AS
BOTTOM 80%.
TOP 0.8 VERSUS BOTTON 80%.
SOLEDAD: IF THIS A STANDARD
REPUBLICAN PRESENTATION TO SO
DEGREE, AS A REPUBLICAN AND AS A
REAGAN REPUBLICAN, HOW DO YOU
ASSESS THIS TAX PLAN PUT FORTH
BY PRESIDENT-ELECT TRUMP?
LINDA: IT IS ONE OF THE FEW
THINGS THAT I LIKE IN THE TRUMP
PLATFORM IS HIS TAX PLAN.
I THINK IT WOULD STIMULATE JOB
CREATION
IF PEOPLE HAVE MORE MONEY TO
SPEND OF THEIR OWN, PARTICULARLY
BUSINESSES, THERE IS ALSO CUT IN
BUSINESS TAX RATE, IF BUSINESSES
PAY FEWER TAXES THEY CAN HIRE
MORE PEOPLE AND CAN HAVE
STIMULATIVE EFFECT
BUT I DO WITH AGREE WITH CHAD.
THE REAL QUESTION IS WHAT
HAPPENS IS LESS MONEY COMING
INTO THE TREASURY, AT LEAST
INITIALL
I MEAN, TH IDEA IS
THAT THERE WILL BE MORE
EVENTUALLY BECAUSE OF JOBS.
BUT WHAT DO YOU DO ABOUT
SPENDING, AND THAT IS ALWAYS THE
RUB.
SOLEDAD: LET'S TALK TRADE.
DONALD TRUMP HAS MADE IT CLEAR
IN A LOT OF HIS CAMPAIGN
SPEECHES THAT HE WANTS TO
RENEGOTIATE OR GET OUT OF NAFTA
, AND ALSO HE DOES NOT WANT TO
EXPAND TRADE.
YOU HAVE AN ISSUE WITH TRUMP ON
TRADE.
LINDA: ABSOLUTELY.
SOLEDAD, THE BIGGEST THREAT TO
THE ECONOMY THAT HE PROPOSES IS
IN THE TRADE AREA.
PEOPLE THINK IT WOULD GREAT TO
PUNISH THE CHINESE OR PUNISH THE
MEXICANS THAT TAKE THE JOBS AWAY
FROM US.
BUT GUESS WHO PAYS FOR THE
TARIFFS?
THEY WON'T BE PAID FOR BY THE
GOVERNMENT OF MEXICO OR CHINA.
THEY WILL BE PAID FOR BY THE
AMERICAN CONSUMER.
CHAD: AND TRADE POLICY IS NOT
TRADE POLICY THAT HE IS TALKING
ABOUT, PROTECTIONISM, IS NOT THE
WAY TO GO FOR MANY REASONS THAT
LINDA SPOKE OF
WE NEED TO HAVE POLICIES THAT
ADDRESS CONCERNS OF WORKERS WHO
HAVE BEEN DISLOCATED AND FACE
MORE DIFFICULT JOB
OPPORTUNITIES, BUT PROTECTIONISM
IS NOT THE WAY TO GO
SOLEDAD: IT'S A VERY POPULIS
MESSAGE, AND AGAIN ON THE
CAMPAIGN TRAIL, YOU HEARD TRUMP
SAY THIS A LOT, "BUILD A WALL"
OR THAT THOSE JOBS YOU HAD LOS
WERE REALLY TAKEN BY IMMIGRANTS
WHO CAME INTO THE COUNTRY AND
STOLEN THOSE JOBS.
CHAD: IMMIGRATION IS EASY TO
POINT TO, TRADE IS EASY TO POINT
TO.
BUT THAT'S NOT THE ANSWER.
SOLEDAD: SO WHAT IS THE ANSWER?
HOW DO YOU TAKE SOMEONE IN THE
RUST BELT, AND THEY SAY TRUMP
SPEAKS MY LANGUAGE AND I WANT TO
VOTE FOR SOMEONE BRINGING BACK
JOBS.
THOSE JOBS ARE NOT COMING BACK.
-- LINDA: THOSE JOBS ARE NOT
COMING BACK.
WE ARE NOT GOING TO HAVE THE
MANUFACTURING PLANTS IN THE
UPPER MIDWEST COMING BACK.
WHAT WE HAVE NOW IS ECONOMY THAT
IS TECHNICAL.
WE ARE VERY MUCH INTO THE
INFORMATIVE AGE, AND WE NEED TO
HELP THESE WORKERS GET SKILLS TO
ALLOW THEM AND THEIR CHILDREN TO
BE ABLE TO GET BETTER PAYING
JOBS.

Will Trump’s Proposals Stimulate the Economy?

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Updated: 4:48 PM EST Nov 18, 2016

Throughout his campaign, President Elect Donald Trump promised to fix the economy by bringing back jobs, improving international trade deals and cutting taxes. Now, with a Republican House and Senate, he should be able to implement those changes. Yet, critics are skeptical that his policies could promote economic growth.